6914 Montgomery Rd - Apartments FOR SALE


Cincinnati, OH 45236- Silverton
$850,000 USD
513-935-0021
6914 Montgomery Rd, Cincinnati, OH for Sale
$850,000 USD
Apartments - FOR SALE
1/36
null | 7.02% Cap Rate

6914 Montgomery Rd
Cincinnati, OH 45236
Silverton


OVERVIEW

Turnkey 10-Unit Multifamily with Mini-Split Systems 6914 Montgomery Road presents a turnkey 10-unit multifamily property in the rapidly growing Silverton submarket of Cincinnati, Ohio. Recently renovated from top to bottom, the property features updated units and common areas, all-new electrical and plumbing systems, and efficient individual mini-split heating and cooling systems in every unit. With tenants responsible for their own heating and cooling costs (MINI-SPLITS) and the owner only covering water, operational expenses remain highly manageable. Eight out of ten tenants are month-to-month with current rents positioned slightly below market, providing investors with immediate rent growth potential. Additionally, the property offers an opportunity to implement a RUBS program to further boost NOI. Strategically located along Montgomery Road with easy access to major employers, retail corridors, and nearby highways, 6914 Montgomery delivers a stable, income-producing asset with clear upside for both short-term cash flow and long- term appreciation.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

10

PRICE/UNIT

$85,000

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,267 SF

ZONING

C-1

APN/PARCEL ID

602-0002-0386

ASK ABOUT THIS PROPERTY

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam CurryKeller Williams Advisors RealtyMore Info
513-935-0021

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.